FUTURES WRAP: LME scrap, rebar contracts see strong losses on week

Near-term scrap futures contracts on the London Metal Exchange saw strong losses over the week to April 21, while the trading volumes also dipped on the week. S&P Global Commodity Insights’ Platts assessed the April contract down $11/mt at $619.50/mt on April 21. The May contract lost $14.50/mt to $590/mt, while the June contract fell $19/mt to $580/mt. The July…